A study of student loans and their relation to higher educational finance

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Monograph

Identifikator:: 1028402236

URN:: urn:nbn:de:zbw-retromon-41825

Document type:: Monograph

Author:: Chassee, Leo Jeannot

Title:: A study of student loans and their relation to higher educational finance

Place of publication:: New York

Publisher:: Harmon Foundation, Inc.

Year of publication:: 1925

Scope:: 1 Online-Ressource (170 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter III. Allocation of higher educational costs

Collection:: Economics Books

Their Relation to Higher Educational Finance 55 manifests itself in politics. It is impossible to get a wise distribution of funds among the various fields of learning because of group interests in control of the public purse. The Individual The individual in our ideal scheme is asked to bear practically two- thirds of the cost of the dissemination of knowledge and one-half of the cost of higher education, because he can hardly receive less than half of the benefits which such trainiug has in störe for him, taking education as a whole. If the training is in dentistry or in business, the individual is the recipient of practically all benefits and so such training should be placed near the CD line in Diagram II, which shows that the individual pays practically the entire cost. In the case of knowledge with a political purpose the individual should pay very little, society a large part, and much of the income from philanthropy should be at present spent on the advancement of learning in such fields. The political organization of society has lagged far behind the cultural and economic; therefore, most of the efforts of philanthropy should be directed toward the advance ment of learning in fields of political knowledge. In the wild dash for economic conquest, the political and social organization has been left in the background without a sufficient amount of new knowledge to be used as a guide. 26 Philanthropy having furnished the knowledge in political fields, society should bear the largest share of the cost of dissemination since the benefit to be derived from the dissemination of political knowl edge is largely social. Only in so far as such learning has a slight element of cultural or economic benefit to the individual should he pay for it directly. That knowledge which is acquired for cultural purposes should in large part be paid for by the individual. Society should pay a fair por- tion of it as long as the belief continues that the greater number of cultured individuals there are, the better off society will be. Philanthropy must come in to advance knowledge of this kind because society collectively and the individual have a natural tendency to be dominated by economic motives. In order to maintain culture therefore philanthropy must pre- serve it and place it on the intellectual market at a reasonable price, thus making it available for a sufficiently large number of people. 20 Mr. William S. Culbertson says on this point: “The conceptions of political and social control prevailing in Western States today are, if not Aristotelian, at least those of the eighteenth Century. The material progress of Western civilization has been effected at an unprecedented rate and is still rushing forth to new conquests. Eiving in a new material world, we lack a Science of government capable of Controlling lts destructive tendencies or of turning its achievements to social ends.” International Economic Policies, pp. 8-9.

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